Tuesday, December 4, 2007

Equity Market Comment - Alternate for 12/5/2007

I was doing more analysis tonight and I cam across another possibility to where we currently stand with equity prices.

The end result is the same, which is an ultimate correction low in the 1445-1447 area on the S&P 500.

The only difference here is that we would be a bit more bullish on the short term with a rally up to 1475 which would be followed by the final decline to 1445-1447. 1475 represents about 12 points from where we currently trade, so the open tomorrow should really help us to discern which scenario will unfold.

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